Stocks News Mideast-Arabtec extends gains; Dubai up Monday, 19 December 2011 14:30

Dubai contractor Arabtec rises to a  13-month high, extending gains to help lift the emirate's index .

Shares in Arabtec climb 1.8 percent, up for a third session to reach its highest close since November 2010. Traders say an individual investor wants to purchase a sizable stake in the firm.

Dubai's index advances 0.1 percent to 1,374 points, trimming 2011 losses to 15.7 percent

Emaar Properties falls 2.3 percent. After market hours, the developer said it had signed a $1 billion Islamic and conventional financing facility, secured by Dubai Mall.